Schiff: Whether You Call It QE, Or Not, “The Fed Is Monetizing US Debt” Via SchiffGold.com, Last October, the Federal Reserve relaunched quantitative easing. Of course, Fed Chairman Jerome Powell insists it’s not quantitative easing. But as Peter Schiff pointed out in a recent tweet, that debate is really just semantics. The argument over whether the current Fed […]
Chinese City Provokes Public Backlash By Stealing Shipment Of Facemasks Here’s how bad the shortages of critical supplies like facemasks have gotten in China: A city with only eight confirmed virus cases has provoked an outpouring of public rage by stealing a shipment of facemasks bound for another city, which has many more patients infected […]
Rabobank: So… Socialism!? Authored by Michael Every via Rabobank, There is an old truism: “The market can remain irrational longer than you can remain solvent.” That has always been true, as is the inverse: “The market can remain solvent as long as you remain irrational.” And today we live in a world where: “The market […]
Billionaire Paul Singer Goes Activist On SoftBank, Demands More Buybacks When legendary hedge fund activist Paul Singer picks a target, he doesn’t usually lose. He has triumphed over governments – Argentina and the DRC – and swallowed up companies – Barnes & Noble. And now he’s setting his sights on a national champion of the […]
The 2020 ‘State Of The Markets’ – From Fundamentals To Fantasy Authored by Lance Roberts via RealInvestmentAdvice.com, “I am thrilled to report to you tonight that our economy is the best it has ever been.” – President Trump, SOTU In the President’s “State of the Union Address” on Tuesday, he used the podium to talk up the achievements […]
Stock And Bond Investors Are Looking At Identical Virus Headlines And Both Concluding: “Great Reason To Buy” To say that the market response to the Chinese coronavirus pandemic has been bizarre, with both stocks and bonds ramping higher (even with perennial permabull JPMorgan now saying it’s time to ease out of stocks), is an understatement. […]
Turley: Nancy Pelosi Should Resign Authored by Jonathan Turley, op-ed via The Hill.com, The House has its share of infamies, great and small, real and symbolic, and has been the scene of personal infamies from brawls to canings. But the conduct of Speaker Nancy Pelosi at the State of the Union address this week will go down […]
Fiat-Chrysler Latest To Warn Of Looming Supply-Chain Chaos As White House Says ‘Don’t Worry’ During an interview with Fox Business on Thursday morning, Treasury Secretary Steven Mnuchin tried to reassure investors that the outbreak wouldn’t seriously disrupt the supply chains of western companies, even as hundreds of factories in China plan to remain shuttered until […]
Is This A Hospital Or A Coronavirus Deathatorium? Authored by Mike Shedlock via MishTalk, I have several images of newly constructed Chinese hospitals. Do they look like hospitals? Bloomberg reports China Sacrifices a Province to Save the World From Coronavirus. People are queuing for eight hours just to get tested for the coronavirus, said the college […]
Apple Warns Coronavirus Could Jeopardize Orders For 45 Million Airpods Demand for Apple’s popular Airpods, both the original version and the slightly more expensive second generation model, have become an unexpected hit for the consumer-tech giant. Apple’s latest earnings report helped emphasize this as sales of the wireless headphones were a big component in the […]
Market To World: “Be Happy Or Get Punished!” Authored by Richard Breslow via Bloomberg, It’s never in good taste to gloat. Although there is a powerful attraction to do so in a competitive environment. Similarly, no one wants to constantly hear grumbling about how wrong things are and how they have personally been mistreated. But […]
Watch Live: President Trump Addresses The Nation After Impeachment Acquittal After trolling the left with his tweet right after acquittal in the Senate impeachment trial last night, President Trump is set to address the nation at noon ET. We got a sense of what might lay ahead in the speech as Trump boasted of his […]
Giga-Stupidity Has No Limits… Via AdventuresInCapitalism.com, Don’t worry, this isn’t another detailed article on Tesla. I’ve permanently sworn those off. As far as I’m concerned, there are two camps of investors; those who think it’s a fraud and those who aren’t very good at math. However, that doesn’t mean that Tesla cannot be a good […]
Original China Virus Whistleblower Doctor Dies The Chinese doctor who tried to raise the alarm about the new coronavirus before it was even identified has died of the deadly virus. Dr. Li, 34, was hospitalized on January 12 after contracted the virus from his patient, and he was confirmed to have the coronavirus on February […]
“We Tactically Trim Risk”: JPMorgan Lists Four Reasons Why It Is Selling Stocks Here For most of the past three years, JPMorgan strategists had been one of Wall Street’s biggest bulls, and foils to Morgan Stanley’s Michael Wilson who after 2017 emerged as the street’s biggest bear. Yet, ironically or not, just as Michael Wilson […]
5 Reasons Impeachment Failed Authored by James Antle III via TheAmericanConservative.com, Impeachment has ended in the acquittal of President Donald Trump and all we have to show for it is a legion of op-eds praising Mitt Romney, the only Republican senator to vote to convict on one of the two articles. (You can read my […]
Ohio Pension System Slashes Health-Care Benefits To Stave Off Insolvency Pension-fund managers from across the US stopped to take note of an unsettling development in their industry, and perhaps thought to themselves: ‘There but for the grace of God go I’. For the first time in years, a major public pension system has slashed benefits […]
Dow Dumps Into Red – Gives Up Overnight Trade/Virus Hope Gains Well that didn’t last long… From record high to red in minutes. S&P and Nasdaq are holding their gains for now… Tyler Durden Thu, 02/06/2020 – 09:49 Tags Law Crime Sports Hospitality Recreation
“We Are Entering The Period Of Global Uncertainty…” Authored by Gregory Copley via OilPrice.com, The year 2020 could emerge as the start of the era of relative global chaos or major upheaval. It is the era we have been anticipating, as the impact of core population decline meets economic dislocation, and security and structural uncertainty. […]
“We’d Rather Die At Home” – Chinese Citizens Rebel Against Mandatory Quarantine As Lockdown Expands Thousands of athletes around the world breathed a sigh of relief on Thursday when Japanese Prime Minister Shinzo Abe confirmed that the Summer Olympics in Tokyo won’t be delayed. Then again, if the outbreak continues to worsen in Japan and […]
A State Of Denial Authored by Sven Henrich via NorthmanTrader.com, Once again investors are made to believe that nothing matters. Only 2 trading days after Friday’s sell off $NDX made new all time history highs. Only 3 days after Friday’s sell-off $SPX made a new all time closing high. Only 4 days after Friday’s sell […]
Tesla Shares Plunge Again As Company Says It Will Shutter China Stores Due To Coronavirus Following yesterday’s record 17% drop, Tesla shares are down again in pre-market trading on Thursday after the company announced it is temporarily closing stores in mainland China as of February 2. Tesla shares dropped another 5% in early trading Thursday […]
Another Massively Oversubscribed Term Repo Confirms Persisting Liquidity Woes Two days after dealers unexpectedly flooded the first reduced term-repo (from $35BN previously to $30BN) offered by the Fed, the liquidity shortage in the repo market – which was supposed to be temporary and few if any strategists said would continue beyond year-end – persists, and […]
2019 US Productivity Rises Most In A Decade, Real Wages Jump Most Since 2015 After disappointingly contracting by 0.2% in Q3 2019, US Productivity was expected to expand by 1.6% QoQ in Q4, but while it did bounce back, the preliminary US productivity rose only 1.4% QoQ. This enabled a 1.8% YoY gain in productivity […]
“What Were We Thinking?” Authored by Charles Hugh Smith via OfTwoMinds blog, Will we wonder, what were we thinking? and marvel anew at the madness of crowds? When we look back on this moment from the vantage of history, what will we think? Will we think how obvious it was that the coronavirus deaths in China were in […]
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